Company Registration No. 13003046 (England and Wales)
LINCOLN DEVELOPMENTS LTD
Unaudited accounts
for the year ended 30 November 2025
LINCOLN DEVELOPMENTS LTD
Unaudited accounts
Contents
LINCOLN DEVELOPMENTS LTD
Company Information
for the year ended 30 November 2025
Directors
Scott Gregory
Joe Good
Company Number
13003046 (England and Wales)
Registered Office
112 -113 High Street
LINCOLN
LN5 7PY
ENGLAND
Accountants
M D Darby FCPA, CPAA, FIAB, ACCA/Cert:IFR, IFRS, IPSAS, IA
Templar Accounting & Business Support
Services Limited (Incorp: Blake and Co )
112 - 113 High Street,
Lincoln, Lincolnshire
LN5 7PY
LINCOLN DEVELOPMENTS LTD
Statement of financial position
as at 30 November 2025
Tangible assets
2,560
3,200
Investment property
200,000
200,000
Inventories
272,546
415,061
Cash at bank and in hand
1,609
6,200
Creditors: amounts falling due within one year
(45,706)
(22,257)
Net current assets
354,949
549,004
Total assets less current liabilities
557,509
752,204
Creditors: amounts falling due after more than one year
(522,357)
(490,000)
Called up share capital
100
100
Revaluation reserve
50,000
50,000
Capital contribution reserve
60,000
260,000
Profit and loss account
(74,948)
(47,896)
Shareholders' funds
35,152
262,204
For the year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 2 August 2026 and were signed on its behalf by
Joe Good
Director
Company Registration No. 13003046
LINCOLN DEVELOPMENTS LTD
Notes to the Accounts
for the year ended 30 November 2025
LINCOLN DEVELOPMENTS LTD is a private company, limited by shares, registered in England and Wales, registration number 13003046. The registered office is 112 -113 High Street, LINCOLN, LN5 7PY, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% Reducing balance
LINCOLN DEVELOPMENTS LTD
Notes to the Accounts
for the year ended 30 November 2025
4
Tangible fixed assets
Motor vehicles
Fair value at 1 December 2024
200,000
At 30 November 2025
200,000
(Appraisers UK - Licenced Valuer's), Bristol. Avon.
The investment property valuation was carried out by the above company and as at November 2022 had a market value of some £200,000
No revaluation has been carried out since November 2022, therefore the property value remains the same in these current financial statements to November 2025.
Work in progress
272,546
415,061
W.I.P.
The remaining Work in Progress at the Fiskerton site comprise of:
Plot 3. the cost to date £272,546
Amounts falling due after more than one year
LINCOLN DEVELOPMENTS LTD
Notes to the Accounts
for the year ended 30 November 2025
8
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
26,750
-
Taxes and social security
13,624
14,544
9
Creditors: amounts falling due after more than one year
2025
2024
Other creditors
7,500
490,000
The company has a legal charge registered in favour of M. Good & Sons an investor at companies house over the property under land titles LL21791 & LL22725 balance outstanding at November 30th 2025 £26,750
Shawbrook Bank Ltd has a charge over land title LL413631 - The Garnary, LN3 4HD
this charge will remain in place until such time as the property is sold £522,357
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
11
Average number of employees
During the year the average number of employees was 2 (2024: 2).